EXHIBIT 10.2
AMENDMENT AGREEMENT
THIS AGREEMENT (the "Amendment Agreement") is made and entered into on this 29th
day of September, 2006:
BETWEEN: PIN PETROLEUM PARTNERS LTD., a company incorporated under the laws of
the Province of British Columbia, having an office address of Suite
2410, 000 Xxxx Xxxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxx,
X0X 0X0
(the "Assignor")
AND: RADIAL ENERGY INC., a company organized under the laws of the State of
Nevada, having an office at Suite 223, 0000 Xxxx Xxxxx Xxxxxx,
Xxxxxxxxxx, Xxxxxxxxxx, XXX, 00000
(the "Assignee")
WHEREAS, the Assignor and the Assignee entered into an assignment agreement (the
"Assignment Agreement") dated the 27th day of June, 2006;
AND WHEREAS, the Assignment Agreement call for the payment, by the Assignee to
the Assignor, of the sum of US$700,000 within ninety (90) days of the date of
the Assignment Agreement;
AND WHEREAS, the parties have agreed to extend the time for payment of the
US$700,000 to November 17, 2006.
NOW THEREFORE THIS AMENDMENT AGREEMENT WITNESSES THAT:
1. The Assignment Agreement is amended hereby such that section 4(a) is revised
to read as follows:
"(a) pay to the Assignor the sum of Seven Hundred Thousand Dollar ($700,000) in
US funds on or before November 17, 2006; and"
2. With the exception of the amendment to section 4(a), the Assignment Agreement
remains unamended and in full force and effect.
3. This Amendment Agreement may be executed in counterpart and by facsimile.
IN WITNESS WHEREOF, the Assignor and the Assignee have executed this Amendment
Agreement on the day and first year written above.
PIN PETROLEUM PARTNERS LTD. RADIAL ENERGY INC.
/s/ XXXXXXX XXXXXXX /s/ G. XXXXX XXXXX
_____________________________________ _______________________________
Per: Xxxxxxx Xxxxxxx, President Per: G. Xxxxx Xxxxx, President
